Support
COALINDIA Three White SoldiersOn daily chart the classic Three White Soldiers pattern is formed near the support zone. Three White Soldiers is a bullish pattern.
Entry
We can go long on next candle
Target
Target will be the next resistance zone.
Stoploss
We can keep the stoploss below the support zone.
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Heromotocorp Triple Bottom PatternHEROMOTOCO is near support zone on hourly chart.
Entry
We can go long when price makes strong bullish candle near support zone.
Target
Target will be the next resistance zone, as marked on the chart.
Stoploss
Stoploss will be below the support zone.
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AartindAartind has been falling since 149 days and has reached its previous long term support and has formed a beautiful bear trap.
Bear trap logic- it has broken the support causing people to go short and after a few days the market moved higher on very high volume
trapping sellers and has broken the falling trednline
STOP LOSS: below the trap
Traget: 707.75
reliance bear trap reliance has been falling since 74 days and has reached its previous long term support and has formed a beautiful bear trap.
Bear trap logic- it has broken the support causing people to go short and after a few days the market moved higher on very high volume
trapping sellers and has broken the falling trednline
STOP LOSS: below the trap
Target: green line
DETAILED TECHNICAL ANALYSIS ON CAPLIN POINT LABORATORIES.Few pointers from my analysis on CAPLIN POINT LABORATORIES:
1. The stock has consolidated in the Triangular pattern and currently near its major support.
2. The major support trendline is near 0.382 Fibonacci level, thus has done healthy retracemet.
3. The Horizontal support is broken on the downside, however on lower volumes.
Conclusion:
The current setup is awaiting price confirmation by breakout of the resistance on Triangular pattern with high volumes and Breakout of RSI above 50. Overall setup is bullish however entry can be taken prior to the confirmations.
Disclaimer : This idea was to just give you an insight about my own view and personal observations. Please do your own research or consult an investment advisor before doing any investment or trading.
JSW Steel Support BreakdownThe support which was tested multiple times has finally broken,
Entry
we can wait for the breakdown and retest then take a SHORT entry.
Target
Target will be the next support zone.
Stoploss
Above the breakdown candle high.
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$KNC Analysis on DailyAfter reversing from bottom $KNC has retested Daily support zone, and if you look at Weekly TF you will see a rally straight up to $1.20 can be expected.
Volume is incoming, only if market sustains the choppy sideways and do not take drastic turn we can expect the target hit soon.